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Take me to the text Water Cruises rents canoes and other water crafts to campers and hikers. On February 15, 2021, Water Cruises prepared
Take me to the text Water Cruises rents canoes and other water crafts to campers and hikers. On February 15, 2021, Water Cruises prepared their semi-monthly payroll for their employees. The current CPP rate is 5.45%, the current El rate is 1.58%, and the appropriate income tax rate is 18%. The employer pays half of the health care premium, and the employees pay the other half. Assume the employer contributes 100% toward CPP and 140% toward El. Payroll information for February 15, 2021 is listed below. Employee Total Hours Hourly Rate Total Health Care M. Swift 74.0 $17.00 $19.00 S. Current 82.0 $16.00 $20.00 B. Wavey 88.0 $18.00 $14.00 Do not enter dollar signs or commas in the input boxes. Bound your answer to 2 decimal places. a) Calculate gross and net pay for each employee. Payroll Register Deductions Employee Gross Income Tax CPP Health Care Total Deductions Net Pay $ M. Swift 1258 226.44 $ 68.56 9.5 $ S. Current 1312 236.16 B. Wavey 1584 Total 4154 285.12 $ $ 747.72 x $71.50 x 10 $ 7 26.5 S b) Calculate the employer contributions. Employer Contributions CPP* ww 6A SA Health Care $
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